BioVeris Launches New Products for Life Sciences
February 13 2007 - 8:00AM
PR Newswire (US)
Cytokine Biomarkers and Antibody Panels Introduced For Sale
GAITHERSBURG, Md., Feb. 13 /PRNewswire-FirstCall/ -- BioVeris
Corporation (NASDAQ:BIOV) announced today that it has introduced
for sale eight new products for use in life science research. These
new products are focused on meeting the increasing demand among
pharmaceutical and biotechnology companies for a means to measure
potential immune response to protein-based therapeutics that are in
development. Two of the new products are pharmacodynamic biomarkers
designed to measure cytokine levels that may be elevated in
response to a drug treatment. These cytokine products detect human
IL-2 and TNF-alpha, molecules that are up- regulated in
inflammation and in many immune responses. Six of the new products
can be used for immunogenicity testing, assay development, and
hybridoma screening. These products compose a panel of antibodies
that are prelabeled with BioVeris' detection label BV-TAG(TM) Plus
and may be used to quantitate and characterize the following mouse
antibodies: IgM, IgG, IgG1, IgG2a, IgG2b, and IgG3. BioVeris'
Contract Services Organization will also add the new products to
its test menu and offer more testing options for its biopharma
customers. More information on these products, including product
specification sheets and application notes, is available on
BioVeris' website at http://www.bioveris.com/. BioVeris' life
science products can be used by pharmaceutical and biotechnology
companies, universities, and other contract research organizations
(CRO) throughout most phases of drug discovery and development,
including: -- validating targets identified through genomics; --
screening large numbers of compounds generated through
combinatorial chemistry; -- re-testing and optimization of lead
compounds; and -- nonclinical and clinical trial testing of drug
candidates. Pharmaceutical and biotechnology companies and
regulatory agencies are increasingly concerned about a patient's
potential immune response to a protein-based therapeutic and they
are attempting to screen out those molecules as early in
development as possible. All of BioVeris' new products should be
useful in these phases of drug development. The new products were
developed to provide excellent sensitivity and dynamic range to
customers, using more rapid and easier methods than competitive
products on the market. Immunogenicity testing is performed by
pharmaceutical and biotechnology companies in order to characterize
the ability of protein-based therapeutics to stimulate an immune
response. Antibodies that result from an immune response to a
protein-based drug can reduce its efficacy and cause significant
side effects, such as allergic reactions. Because of serious side
effects that have been reported, it has become increasingly
necessary to determine if an immune response to protein-based drugs
develops in patients by screening for the presence of antibodies,
confirming their specificity, characterizing the type of antibodies
present and determining whether they interfere with binding events.
Immunogenicity testing is done during pre-clinical studies and may
continue through the clinical trials required for regulatory
approval. In some cases, the FDA requires additional testing after
a drug has been approved. BioVeris Corporation is a global health
care and biosecurity company developing proprietary technologies in
diagnostics and vaccinology. The Company is dedicated to the
development and commercialization of innovative products and
services for healthcare providers, their patients and their
communities. BioVeris is headquartered in Gaithersburg, Maryland.
Further information about BioVeris is available at
http://www.bioveris.com/ . This press release contains
forward-looking statements within the meaning of the federal
securities laws that relate to future events or BioVeris' future
financial performance. All statements in this press release that
are not historical facts, including any statements about the
markets, potential markets, market growth, the prospects for and
utility of a new product in the market and the Company's ability to
compete, are hereby identified as "forward-looking statements." The
words "may," "should," "will," "expect," "could," "anticipate,"
"believe," "estimate," "plan," "intend" and similar expressions
have been used to identify certain of the forward-looking
statements. In this press release, BioVeris has based these
forward-looking statements on management's current expectations,
estimates and projections and they are subject to a number of
risks, uncertainties and assumptions that could cause actual
results to differ materially from those described in the
forward-looking statements. Such forward-looking statements should,
therefore, be considered in light of various important factors,
including changes in BioVeris' strategy and business plans;
BioVeris' ability to develop and introduce new or enhanced
products; the utility and customer acceptance of new products; the
availability of financing and financial resources in the amounts,
at the times and on the terms required to support BioVeris' future
business; and changes in general economic, business and industry
conditions. The foregoing sets forth some, but not all, of the
factors that could impact upon BioVeris' ability to achieve results
described in any forward-looking statements. A more complete
description of the risks applicable to BioVeris is provided in the
Company's filings with the Securities and Exchange Commission (SEC)
available at the SEC's web site at http://www.sec.gov/ . Investors
are cautioned not to place undue reliance on these forward-looking
statements. Investors also should understand that is not possible
to predict or identify all risk factors and that neither this list
nor the factors identified in BioVeris' SEC filings should be
considered a complete statement of all potential risks and
uncertainties. BioVeris has no obligation to publicly update or
release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this press
release. DATASOURCE: BioVeris Corporation CONTACT: George Migausky
of BioVeris Corporation, +1-301-869-9800, ext. 2013; Media: Paul
Caminiti or Andrew Cole of Sard Verbinnen & Co,
+1-212-687-8080, for BioVeris Corporation; Investors: Jonathan
Fassberg of The Trout Group, +1-212-477-9007, ext. 16, for BioVeris
Corporation Web site: http://www.bioveris.com/
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